Greece: Inactive Yeast Market 2024

Inactive Yeast Market Size in Greece

The Greek inactive yeast market soared to $X in 2021, jumping by 18% against the previous year. Overall, consumption, however, recorded a deep reduction. Inactive yeast consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Inactive Yeast Production in Greece

In value terms, inactive yeast production expanded markedly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 42%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Inactive Yeast Exports

Exports from Greece

In 2021, shipments abroad of inactive yeasts and other dead single-cell micro-organisms decreased by -34.5% to X tons, falling for the second year in a row after five years of growth. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,686% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, inactive yeast exports reached $X in 2021. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 381% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Cyprus (X tons) and Italy (X tons) were the main destinations of inactive yeast exports from Greece, with a combined 60% share of total exports. These countries were followed by Bulgaria, Albania, Romania and the UK, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Albania (with a CAGR of +138.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Cyprus ($X) and Bulgaria ($X) were the largest markets for inactive yeast exported from Greece worldwide, together comprising 70% of total exports. Albania, Italy, Romania and the UK lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Albania, with a CAGR of +152.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average inactive yeast export price amounted to $X per ton, picking up by 53% against the previous year. Overall, the export price, however, recorded a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Greece

In 2021, approx. X tons of inactive yeasts and other dead single-cell micro-organisms were imported into Greece; growing by 6.3% compared with the previous year. In general, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 54%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, inactive yeast imports dropped notably to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 41%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Russia (X tons), France (X tons) and Ukraine (X tons) were the main suppliers of inactive yeast imports to Greece, together comprising 62% of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +123.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inactive yeast suppliers to Greece were France ($X), Italy ($X) and the Netherlands ($X), together accounting for 68% of total imports. Germany, the UK, Belgium, Russia, Brazil, China, Ukraine and Bulgaria lagged somewhat behind, together accounting for a further 23%.

Russia, with a CAGR of +107.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average inactive yeast import price stood at $X per ton in 2021, shrinking by -22.8% against the previous year. In general, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 157%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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